OMPARISON OF HOME LOAN / HOUSING LOAN INTEREST RATES BY

INDIAN BANKS - 2014

(Check Lowest Rate of Interest charged by Banks in India / Minimum Rate of Interest charged by Indian Banks. Best
Home Loan Interest)


Which Banks Charges the Lowest Interest on Home Loans / Housing Loans
in 2014 ?

Best Rate of Interest on Housing Loans in India ? Comparative Housing
Loan Interest Rates. Latest Home Loan Interest by Banks in India

Different banks charge different interest rates for Housing / Home
Loans. The rate of interest also vary based on (a) the quantum of the loan;
(b) period for which loan is intended to be availed etc. It becomes
extremely important for the consumers who wish to avail Housing Loan
that they are able to get the loan at lowest rate of interest so that they can
save on EMI.

It is not possible to give the name of one bank which charges the lowest rate
of interest for all tenures and all levels of loan amount. Moreover, these
rates are frequently changed by banks and that too without informing
media. Sometimes the details are not even updated on the website or they
are so confusing that it becomes impossible to decipher the
details. Therefore, we are giving below a broad idea as to the banks which
are charging lowest rate of interest in a particular category. Readers are
advised to check the same by clicking on the link of relevant bank from
where they intend to avail the loan and they check the websites of the
following banks too to ensure that they get the best deals. [The following
rates have been updated in the second week of August 2014)
Name of Bank Tenure of Loan/Amount of Loan Rate of
Interest
State Bank of India For Women Borrowers
Upto Rs. 75.00 Lakhs
Above Rs. 75.00 Lakhs
For Other Borrowers
Upto Rs. 75.00 Lac
Above Rs. 75.00 Lac

10.10%
10.25%

10.15%
10.30%
Canara Bank upto Rs. 75 lakh
Above Rs. 75 lakh
10.20%
10.45%
Indian Bank Upto Rs. 75 Lakhs
Above Rs. 75 Lakhs
10.25%
10.50%
Bank of Baroda Upto Rs. 30 Lakhs
Above Rs. 30 Lakhs
Upto Rs. 75 Lakhs & Above Rs. 75 Lakhs
10.25%
10.25%
10.25%
Central Bank of India Upto Rs. 75 Lakhs
Above Rs. 75 Lakhs
10.25%
10.50%
Dena Bank
Upto Rs. 75 Lakhs
Above Rs. 75 Lakhs
10.25%
10.50%
Oriental Bank Of Commerce Upto Rs. 75 Lakhs
Above Rs.75 Lakhs - Rs. 3 Crore
10.25%
10.75%
Axis Bank Loan up to Rs. 75 Lac
Loan above Rs. 75 Lac
10.25%
10.50%
Corporation Bank upto Rs. 50 Lakh
Above Rs. 50 Lakhs
10.25%
10.50%
IDBI Bank 10.25%
Bank of India Limits upto Rs. 75 Lac
For limits over Rs.75 Lacs & above
10.20%
10.45%
State Bank of Hyderabad Upto Rs. 30 Lakhs
Above Rs. 30 Lakhs
10.50%
10.75%
United Bank of India Upto Rs. 25 Lakhs
Above Rs. 25 Lakhs & upto Rs. 75 Lakhs
10.50%
10.55%
10.80%
Above Rs. 75 lakhs & upto Rs. 150 Lakhs
Punjab and Sind Bank Upto Rs. 30 lakhs
Above Rs. 30 Lakhs & upto Rs. 75 lakhs
Above Rs. 75 lakhs
10.50%
10.75%
11.00%
Allahabad Bank Above Rs. 30 lakhs and upto Rs. 75
lakhs
Above Rs. 75 lakhs and upto 300 Lakhs
Above Rs. 300 Lac and upto Rs. 500 Lac
10.25%
10.25%
10.50%